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First Post and lease deal question
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06-11-2007, 09:16 PM | #1 |
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First Post and lease deal question
ive been lurking around here for a while and finally bit the bullet on a 328 coupe today. June end production, delivery by august. So my question is, is this a good lease deal ? (sorry if ive posted this in the wrong section)
328i coupe black sapphire metallic on black leatherette (grey popular trim) heated seats hd radio sport package manual tranny.. msrp 38550 sold for - 37550 total cash down - $1000 (including first months payment) rate - .00165 residual .54 12k miles per year acq fee - 825.00 govt fees - 224 taxes - 1877 residual - 20817 42 month lease monthly payment 557.00 (including taxes) Also, according to the dealer, the parking mirror tilt feature is standard even without the power seats. Is this true ? apparently they started doing this with the e90's. |
06-12-2007, 06:20 AM | #2 |
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According to the leaseguide.com calculator, you should be paying about 469 per month, NOT including taxes.
MSRP38550 Base Cap Cost 37550 Cap Cost reduction 1000 Adjusted Cap cost 36550 Residual Value 20817 Money Factor .00165 (3.69%) Term 42 months. Are you being taxed 11%? (1877/16733)? The 469 payment doesn't include the taxes, or any of the fees, assuming you are paying those upfront. The only thing I can comment on is that you can probably get the money factor down a little. I was able to get 3% even. .69% may not sound like much, but it would be about $20 per month savings (*42 and now it looks like a good chunk of change to the tune of $840) I think you also need the power seats to have the mirror tilt down. That's what I have read at least in the brochures.
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06-12-2007, 06:53 AM | #3 | |
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Quote:
thanks.. yeah i think im going to add the power seats. We are in MD where you are taxed 5% upfront but on the entire value of the car, so 1877 is right. and actually my $1000 down includes the first months payment (that's the walkout $$). The monthly includes taxes, tags, and other fees. |
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06-12-2007, 07:00 AM | #4 |
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I could go calculate your lease for you, but someone else already did. Recommend you take advantage of the ton's of factual information on this forum and Bimmerfest, and learn everything you need to know about leasing. My lease numbers were screwed up initially, then unscrewed, then screwed up again when I sat down to sign the papers. The dealer continued to raise the MF above what we had negotiated. But since I knew how to calculate the lease and what all of the terms meant, I knew to the penny what my payment should be.
I have never bought or leased a car where the numbers were totally clean in the "finance persons" office on the first pass; always a "mistake" for some amount. Get informed and don't get screwed. If you have to ask people on a forum if you are getting a good lease deal, you are probably not ready to lease.
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Ordered: 4/1/07, Picked up 5/20, e92/328i, Deep Green, Saddle, Lt. Poplar, ZSP, ZPP, Step, Nav, Logic 7, CA, PRS, PDC, 6FL Ipod, Sirius
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06-12-2007, 01:56 PM | #5 |
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I didn't even know they had a 42 month lease.
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06-12-2007, 01:59 PM | #6 |
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alright - its ordered with slighty different numbers
328 coupe - jet black on black leatherette, heated seats, power seats, sport package, hd radio, manual tranny. This is for June production (last week) btw.
MSRP - 39070 Negotiated price - 38000 cash down - $400 MF - .00165 (they would not budge from this, i tried, base was .00140) MD upfront taxes (~$1950) added to payment acq fee - $825 (added to payment) tags/registration - $200 (added to payment) 36 month lease 15k miles per year residual - 61% payment - $560 a month Last edited by aquaanox; 06-12-2007 at 02:27 PM.. |
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06-12-2007, 02:01 PM | #7 |
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